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18 Cards in this Set
- Front
- Back
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a bundle of private, exclusive rights in people to acquire, possess, use, and transfer scarce resources.
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Property
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includes the application of property in the areas of trade secrets, patents, trademarks, and copyrights.
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IntellectualProperty
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any form of knowledge or information that the owner has taken reasonable measures to keep secret and that has economic value from not being known to the public.
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TradeSecret
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an order by a judge either to do something or to refrain from doing something.
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Injunction
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a specific legal monopoly in the intangible resource of copying and marketing a new invention.
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Patent
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a statutorily created property in a mark, word, picture, or design that attaches to goods and indicates their source. trademark, service mark, certification mark, and collective mark.
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Trademarks
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a legal doctrine giving someone ownership of a distinctive overall appearance or look and feel of a product or service.
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TradeDress
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civil violation of a trademark or a patent.
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Infringement
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if a trademark loses its distinctiveness. It also loses its status as a protected trademark.
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Generic
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an injunction prohibiting further use of the junior mark.
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TrademarkDilution
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gives those who have this property a monopoly over copying and marketing for a limited period of time.
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Copyright
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a statutorily permitted use of another's copyright for criticism, comment, news reporting, teaching, scholarship, or research.
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FairUse
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refers to the view that certain legal principles reflect something basic and universal in nature itself.
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Natural law
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an unreasonable use of one's land that causes substantial interference with the use or enjoyment of another's land.
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PrivateNuisance
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property ownership acquired through open, notorious, actual, exclusive, continuous, and wrongful possession of land for a statutorily prescribed period of time.
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AdversedPossession
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limits all exercise of property over resources to a duration of "lives in being plus twenty-one years"
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RuleAgainstPerpetuities
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laws that divide counties or municipalities into use districts designated residential, commercial, or industrial.
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ZoningOrdinances
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the governmental power to take private property for "public use" upon the payment of "just compensation"
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EminentDomain
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